Balance of Payments in a Monetary Economy
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A01=John F. Kyle
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Aggregate demand
Aggregate expenditure
Aggregate supply
Author_John F. Kyle
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Balance of payments
Balance of trade
Behavioral economics
Category1=Non-Fiction
Category=KCBM
Category=KCLT
COP=United States
Currency
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Demand curve
Devaluation
Economic equilibrium
Economics
Economy
Efficient-market hypothesis
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Excess demand function
Exchange economy
Exchange rate
Expenditure function
Financial asset
Fiscal policy
Fixed exchange-rate system
Foreign Exchange Reserves
Foundations of Economic Analysis
General equilibrium theory
Income
Income elasticity of demand
Income-consumption curve
Interest rate
International Monetary Fund
Investment
Investment function
Investment goods
Keynesian economics
Language_English
Liquidity preference (venture capital)
Long run and short run
Macroeconomic model
Macroeconomics
Marginal product
Market economy
Market liquidity
Marshall-Lerner condition
Measures of national income and output
Microeconomics
Monetarism
Monetary authority
Monetary policy
Money illusion
Money market
Money supply
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Price Change
Price elasticity of demand
Price elasticity of supply
Price fixing
Price index
Price level
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Production function
Profit maximization
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Public finance
Quantity theory of money
Real income
Real versus nominal value (economics)
Relative price
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Stock and flow
Supply (economics)
Supply and demand
The Economic Journal
The Wealth Effect
Valuation (finance)
Value (economics)
World economy
Product details
- ISBN 9780691644141
- Weight: 454g
- Dimensions: 152 x 235mm
- Publication Date: 19 Apr 2016
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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How can relative price and income approaches be reconciled with balance of payments analysis? John F. Kyle argues that a model is required which explicity includes a production sector and a complete monetary sectory. The author demonstrates the inadequacy of the traditional method of extending macroeconomic models to deal with trade problems and proceeds to develop a properly specified open economy model adequate to the task. After extending the model to look at additional issues, he relates the principal results obtained in a macroeconomic setting to those produced using a Hahn-type monetary approach. The Hahn model is extended to incorporate an alternative financial asset and to allow for unemployment in the economy. His theory of the balance of payments takes into account both important monetary and aggregate demand features of macroeconomics and the relative prices and interdependencies of general equilibrium theory. Originally published in 1976. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press.
These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
